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Property Deposit Reclaim In Spain

I am one of the many people who put a deposit on an off plan property in Spain, only to find several years on that I had no property and a very tough fight on my hands to reclaim my deposit. I have joined together with others on the same development who are in a similar situation and together we are working with Spanish Lawyers to take appropriate legal action. Some of the group members simply don't want their property now because it was not what it was supposed to be in the first place (like facilities were not put in place that were promised at the time they paid their deposits). This blog gives snippets of our journey and presents some key lessons learnt. We hope for a positive outcome some day, in fact some have had their money back already! The rest of our group are now taking action. We have learnt a lot of lessons along the way as to how to get your money back (and avoid having the lawyer take most of it from you on success!).

What if the boot was on the other foot?
01 February 2011 @ 01:44

With all the recent postings about reclaiming our 'lost' deposits it would be interesting to consider what the situation would be if lots of Spanish had invested in the South of England in so-called off-plan projects that never happened and the English developers and banks kept their money!

Don't you think it would have reached the European Parliament by now?

I just wonder how this can all be kept away from the politicians and public at large in the UK since so many people have been affected.

Maybe it is something to do with country cultures...not as though I see the Spanish as get up and go types of course. Just maybe we in the UK are more accepting of things when they go badly wrong.

I mean I have seen people in the Action Group I am with today just say 'forget it' and leave behind 28,000 Euros in Spain, probably money remortgaged from their home as well (like me).

What is wrong with us? Why can't we get a result on this outrage?


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